LendingClub Corporation (NYSE:LC) Files An 8-K Results of Operations and Financial ConditionItem 2.02
Results of Operations and Financial Condition
On August7, 2017, LendingClub Corporation (“Lending Club,” or the “Company”) issued a press release (the “Earnings Press Release”) and will hold a conference call regarding its financial results for the quarter ended June30, 2017. A copy of the Earnings Press Release is furnished as Exhibit 99.1 to this Form 8-K.
The information set forth in this Item 2.02, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities and Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
Lending Club is making reference to non-GAAP financial information in both the Earnings Press Release and the conference call. A reconciliation of these non-GAAP financial measures to the comparable GAAP financial measures is contained in the Earnings Press Release.
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Item 9.01 |
Financial Statements and Exhibits |
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(d) |
Exhibits |
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Exhibit Number |
Exhibit Title or Description |
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99.1 |
Press Release dated August 7, 2017 |
(S)
LendingClub Corp ExhibitEX-99.1 2 q217exhibit991er.htm EXHIBIT 99.1 Exhibit EXHIBIT 99.1LendingClub Reports Second Quarter and Full Year 2017 ResultsLendingClub returns to growth; revenue up 35% Year-Over-Year,…To view the full exhibit click here
About LendingClub Corporation (NYSE:LC)
LendingClub Corporation (Lending Club) provides online marketplace to connect borrowers and investors. Consumers and small business owners borrow through Lending Club. Investors use Lending Club to earn risk-adjusted returns from an asset class that is only available on a limited basis to large institutional investors. Its technology automates aspects of operations, including the borrower application process, data gathering, credit decisioning and scoring, loan funding, investing and servicing, regulatory compliance and fraud detection. Its platform offers analytical tools and data to enable investors to make decisions and assess their portfolios. Its technology platform has allowed it to expand its offerings from personal loans to include small business loans, and to expand investor classes from individuals to institutions and create various investment vehicles. Its solution offers an online application process and provides borrowers with access to live support and online tools.
